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BIP-361: Bitcoin Devs Propose Freezing Satoshi-Era Wallets
A new proposal called BIP-361 has been submitted by Jameson Lopp and 5 researchers to protect Bitcoin from quantum computing attacks.
The plan freezes old, vulnerable addresses holding ~1.7M BTC, including Satoshi's ~1.1M BTC stash.
How it works:
🔹 Phase A (3 yrs): Block deposits to old addresses
🔹 Phase B (5 yrs): Freeze all legacy ECDSA/Schnorr coins
🔹 Phase C: Recover via zero-knowledge proof
Why? Google's latest report warns quantum computers could crack Bitcoin's encryption as early as 2029.
The community is Split: Defense Against quantum Theft, or Betrayal of "Your Keys, Your Coins"?